Support the protection of housing: the right to place a current financing platform because expansion of the causes
Reporter Yang Shi Hu from Beijing where provincial financing platform argue was underway, this period because the security room. Previously, the Ministry of Finance issued a circular that requires not regional financing platform for the local financial guarantees issued at local government and the NPC's In 2 of the nation housing construction Department news conference, the establishing housing the Vice-Minister Qi Ji tensioned that since last annual, the national clean-up local financing platform,
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tiffany&co, the financing platform can proceed to operate and to amplify. Despite the numerous ministries that ambition step up washing up local financing platform, yet in support of the name of conservation of housing construction, the local rate of financing has not slowed down. At the same period, the sudden emergence of local fiscal bureau, the evolution of local government to finance the new force. To protect the house in the appoint of March 9, Qi Ji, the Ministry of housing construction in the nation two special news conference, answered to the protection of public peppery housing finance issues. as well for municipal and county governments to raise through manifold channels. the mission of protection of housing units, or 1.4 trillion yuan of investment namely feasible. But this namely merely 1 of the words. Prior to the March 6, in the process of responding a reporter's question, the National Development and Reform Commission Zhang Ping said, during last annual to amplify domestic demand and investment in fixed assets during the financial scale of financing platform there faster, higher growth. . Local financing of such a machinery, so that there is lusty local government officials in borrowing power, the risk invisible another in the complained that, immediately, the state began cracking down aboard local financing platform, and turned to fully support the security apartment, and before the debt how to do? May 26 last year, Premier Wen Jiabao presided a State Council executive appointment, the deployment platform for the strengthening of local government finance treatment, but last year the rate of local financing has not slowed down. Under such circumstances, the local debt soaring. Data show that last June, the local financing platform about 7.66 trillion yuan loans later the end of the year approached 12.5 trillion. Interview with our reporter was informed that the premier half of last year, with the NDRC and the Ministry of Finance comprised in the evolution of a standardized platform for local financing of current rules, the strong against of the local government under the Apart from the embarrassment of last September publish of City Development and Reform Commission had to recommbring an end to ...vestment bonds, the Treasury is forced to issue municipal bonds involved in research. Participate in two plate disputes, the CPPCC National Committee members, Fortis Group Chairman Wang Jianyi confessed that some banks above the financing of government financing platform for strict risk control, concentration of loans too lofty, the absence of loan chief streams monitoring. Now the location is that several ministries including the Construction Committee and performed live in the financing of the protection of housing oppression in the local financing platform, the prospects of care. Finance Office of the heave of 5 March, the State Council published the first In 2008, China was buffet along the financial crisis hit. Some local agricultural businesses, city businesses, credit unions and additional financial creations, the establishment of many projects the transient platform corporation, and gradually evolved into a local government investment and financing platform. Platform companies in these projects, when gradually being governance, local finance office rapidly evolved into the quick evolution of local government finance a new force, not look down upon. Official statistics show that as by the end of 2009, the provinces have set up local financial bureau,
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